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Cognizant Enhances Smart Manufacturing Offerings With TQS Integration Acquisition

Cognizant Enhances Smart Manufacturing Offerings with TQS Integration Acquisition

Cognizant has agreed to acquire TQS Integration, a privately owned global industrial data and intelligence company. TQS delivers manufacturing data intelligence, global technology consulting and digital systems integration to help manufacturers accelerate their digital transformations.

TQS helps nine of the top 10 global life sciences companies enable Manufacturing 4.0. Cognizant, which previously strengthened its life sciences manufacturing capabilities with the 2019 acquisition of Zenith Technologies, will combine TQS’s expertise with its own to help clients transition to Industry 4.0 and expedite the production of life-changing medicines.

TQS expands Cognizant’s presence in Ireland, a hub for the world’s leading life sciences manufacturing experts and an ideal location for delivering Industry 4.0 consulting and services to European manufacturing clients.

Joe Haugh, VP of Cognizant Life Sciences Manufacturing & Supply Chain Group said: “TQS Integration are an exemplary, world-leading industrial data and intelligence company. Like Zenith Technologies, their business started out in Ireland and has grown to be a leading global player, driving excellence in the field of data management and utilisation. Building on their fundamental knowledge of data historian and data analytics, this acquisition will help strengthen and complement our services in Life Sciences Manufacturing and enable us to deliver a broader, end to end digital solution to the marketplace.”

Máire Quilty, corporate managing director, TQS said: “Our world-class team of data intelligence and technology consultants have built a tremendous track record in helping our life sciences manufacturing clients transform their businesses. Together with Cognizant, we look forward to broadening our impact to manufacturing clients in other industries who are looking to embrace Industry 4.0.”

 

A*STAR And Arcstone Open S$18M Joint Lab To Accelerate Digital Manufacturing In Singapore

A*STAR And Arcstone open S$18M Joint Lab To Accelerate Digital Manufacturing In Singapore

The Agency for Science, Technology and Research (A*STAR) and local manufacturing software company Arcstone opened a joint laboratory at A*STAR’s Advanced Remanufacturing and Technology Centre (ARTC) to develop smart manufacturing solutions to help businesses speed up digital transformation to make operations more efficient, effective, and sustainable. Minister for Trade and Industry Mr Gan Kim Yong graced the joint lab’s opening.

This era of Industry 4.0 allows for real-time extraction and monitoring of operational data, as well as the ability to control machines digitally and remotely. Today’s manufacturing execution systems (MES) face limits, however, such as in the optimisation of production processes. Against this backdrop, A*STAR and Arcstone will collaborate to give today’s MES added intelligence – or “adding a brain to the body”, as Arcstone says.

With a total investment of S$18 million over three years, the A*STAR-Arcstone joint lab will transform Arcstone’s existing solutions into a next-generation MES suite. The MES will incorporate technologies such as artificial intelligence and the Industrial Internet of Things (IIoT) to help manufacturers make better decisions – through visualisation, control, optimisation, and sustainability. For example, the MES will not only provide information about what is happening in a production process in real time but also recommend ways to improve that process, such as by optimising production scheduling.

Manufacturers, including local SMEs, will be able to tap on these smart manufacturing solutions to increase manufacturing transparency and improve production scheduling across the supply chain, paving the way for more competitive and robust supply chains. The solutions will also help manufacturers go green by enabling them to optimise energy usage. The joint lab will place special emphasis on the user-interface for the MES, making it easy to configure and use, especially for first-timers. The joint lab will work on projects in the following areas:

  1. Improve production through real-time visibility
  2. Control production using IIoT technologies
  3. Optimise production using simulation and artificial intelligence
  4. Make production greener through data and optimisation

Collaborating with A*STAR will help Arcstone halve the time needed for its own R&D to achieve its goals. The joint lab aims to create about 30 engineering jobs over the next three years.

Professor Alfred Huan, Assistant Chief Executive, Science and Engineering Research Council, A*STAR, said, “The challenging economic environment sends a reminder to many companies of the constant need for innovation to stay competitive. At A*STAR, we collaborate with companies such as Arcstone to help them build new capabilities to move up the value chain. Such public-private partnerships continue to play an important role in encouraging businesses to adopt technologies to differentiate themselves from the competition. This collaboration with Arcstone is also an example of how local SMEs can deploy their new solutions to help other local SMEs speed up digital transformation in their factories, driving increased digitalisation across the board.”

Mr Willson Deng, Chief Executive Officer, Arcstone, said, “Our goal with the joint lab is to rapidly produce cutting-edge technology to give SMEs and global manufacturers a leg up in efficiency, productivity, and most importantly, long-term sustainability and environmental competitiveness. We are confident about achieving this goal, for we have in ARTC a trusted R&D partner that will bring us results – we know this from years of collaboration with ARTC’s scientists and engineers.”

 

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Hexagon And Plex Systems Announce Partnership To Deliver Smart Manufacturing Solutions

Hexagon And Plex Systems Announce Partnership To Deliver Smart Manufacturing Solutions

Hexagon, a global leader in sensor, software, and autonomous technologies, and Plex Systems, the leader in cloud-delivered smart manufacturing solutions, has announced a new strategic partnership.  The global partnership will enable Hexagon’s Manufacturing Intelligence division and Plex to co-sell Plex MES to Hexagon manufacturing customers, helping them to take control of the plant floor through full visibility and connectivity and realise the promise of Industry 4.0.

“There’s no question that more connected, data-driven approaches to manufacturing are central to bringing better products to market faster and more cost-effectively with confidence.” said Paolo Guglielmini, president of the Manufacturing Intelligence division at Hexagon.

“Plex brings valuable experience to our customers, and its impressive open MES solution augments our technologies offering a path to ramp up shop floor efficiency by bringing together data from siloed processes to solve manufacturing problems faster and more collaboratively.”

Hexagon and Plex share a common vision for smart manufacturing, offering manufacturers an incremental path to achieve greater automation and Industry 4.0 adoption. Using Plex’s robust Manufacturing Execution System (MES) with integrated quality control, Hexagon customers will be able to augment their workflows by streaming quality measurements, engineering data and other manufacturing information into Plex’s MES creating a digital system of record in real-time.  Manufacturers will benefit from enhanced visibility and control over their inventory and manufacturing processes, while gaining deeper insight, traceability and opportunities for continuous innovation by combining Plex and Hexagon’s digital solutions.

“We are thrilled to partner with Hexagon, an organisation that is just as dedicated to delivering smart manufacturing solutions as we are and with a global scale,” said Bill Berutti, CEO at Plex. “Smart manufacturing isn’t something that will happen years down the road … it’s real, it’s imperative and it’s happening now.”

Hexagon and Plex will partner in opportunities, initially in Europe and India, where Hexagon prospects and customers have MES needs. The combination of Hexagon and Plex for these manufacturers provides a fully digitalised solution from plant measurement and metrology to managing end-to-end production.

“Smart manufacturers are seeking continuous product and process improvements to ensure that quality is measured, enforced and managed in a closed-loop across design, production and inspection,” said Reid Paquin, research director, at IDC. “This new partnership will enable manufacturers to do just that and on a global level.”

 

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Hexagon Smart Manufacturing Innovation Centre Opens In Singapore

Hexagon Smart Manufacturing Innovation Centre Opens In Singapore

Hexagon’s Manufacturing Intelligence division has opened the doors of its new Smart Manufacturing Innovation Centre in Singapore  – fitted with a wide array of advanced hardware and software technologies aimed at enabling an autonomous future.

Hexagon’s flagship facility in Southeast Asia will showcase an unparalleled portfolio of smart digital manufacturing technologies and autonomous connected ecosystems. This includes Hexagon’s latest advanced Computer Aided Engineering (CAE) solutions for design engineering; Computer Aided Manufacturing (CAM) software for production applications; precision metrology, superior sensors, automation, Artificial Intelligence (AI), machine learning, data management and analytics solutions.

The centre, currently resourced with more than two dozen people, is committed to strengthening and accelerating the development of smart manufacturing and autonomous solutions by improving design quality and production efficiencies.

Lim Boon Choon, President for Hexagon’s Manufacturing Intelligence division, Korea, ASEAN, Pacific, and India said that, “This centre marks our on-going drive to bring Hexagon’s smart solutions into this region for the benefit of businesses here. It offers an environment for innovators, design engineers and manufacturers to test proof their inventions for quality, safety and productivity with access to our latest offerings which are a part of Hexagon’s Smart Solution portfolio.

“We are the only provider in the world with the end-to-end connected capabilities – from design, production, quality assurance, data analysis, digital twin, shop floor connectivity, to Artificial Intelligence and machine learning.

“Hexagon’s Smart Manufacturing Innovation Centre allows us to move closer towards creating an autonomous future where business, industry and humanity sustainably thrive,” enthused Lim.

He hinted at exciting updates on the horizon. “More of Hexagon’s revolutionary smart technologies including the latest advanced non-contact sensors fitted on-machine, on coordinate measuring machines (CMM) as well as on Laser Trackers, to elevate quality and precision to the highest level possible will soon be featured at the centre. This is a pioneering achievement, one that the industry has not seen to-date.”

Meanwhile, Paolo Guglielmini, President of Hexagon’s Manufacturing Intelligence division said, “As a global leader of advanced technologies and smart manufacturing, Singapore is a strategic location for Hexagon’s innovation centre in the ASEAN region.”

Industry research points to a shifting tide towards autonomous smart manufacturing in the next five years in Southeast Asia, especially with many industries and governments pushing for digitalisation.

The region has also seen the rapid rise of new innovations and start-ups and unfolding of 5G technologies which are expected to spur the growth of many industries from electronics to semiconductors, medical technology, eMobility, clean energy and more.

Lim highlighted that the aerospace, automotive, electronics, medical technology as well as energy industries would stand to especially benefit from this facility.

The new Innovation Centre offers design and production engineers the very best environment to learn, experiment, interact, and facilitate deeper learning and knowledge transfer in areas such as reverse engineering, additive manufacturing, shop-floor automated inspection and digitalisation of operations.

Solutions at the Hexagon’s Smart Manufacturing Innovation Centre include:

  • Advanced CAE solutions for design engineering, for simulation such as Cradle and [virtual manufacturing / manufacturing process simulation] tools such as the Simufact portfolio
  • CAM software for production solutions like NCSIMUL and VISI Reverse
  • Asset management and connected shopfloor digital solutions like SFx Asset Management,
  • Quality analysis solutions such as Q-DAS, VGSTUDIO Max and Laser Trackers
  • Statistical Process Control to collect data for analytics.

 

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Choose Digital, Choose The Right Drill

Choose Digital, Choose the Right Drill

James Thorpe of Sandvik Coromant explains how, by combining advanced software with the correct machine tools, manufacturers can digitalise profitably, and on their own terms.

The Industry 4.0 & Smart Manufacturing Adoption Report by IoT Analytics suggests that Industry 4.0 technology uptake is still low among manufacturers. Given that the advantages of Industry 4.0 are now so well-understood, why aren’t more manufacturers digitalising their processes? 

One perception is that applying Industry 4.0 to existing production setups is expensive when, actually, it doesn’t have to be. Another reason for the slow uptake is that manufacturers see no reason to upgrade their existing tooling set-up and processes. If it isn’t broke, why change it? Manufacturers in this category may be unsure how Industry 4.0 fits into their established way of doing things. 

The truth is, automated Industry 4.0 technologies can greatly benefit manufacturers’ bottom lines. For instance, Sandvik Coromant has found that a 20 percent increase in machine utilisation can provide a 10 percent higher gross profit margin and automated systems can massively increase machine uptime. 

Automated equipment can also support the growing trend for machining with limited, or no, human supervision — particularly amid the pandemic. As stated in a recent Pricewaterhouse Coopers (PwC) report, COVID-19: What It Means for Industrial Manufacturers, “For companies vulnerable to a viral outbreak within their ranks, this would be a critical time to explore a proactive deployment of automation technologies.” 

Today’s Industry 4.0 technologies, including sensors and machine learning can also be beneficial in minimising the number of production stops. Again, increasing profit. This includes stops needed to replace worn tooling, like drills. 

Previously, operators had to rely on manual monitoring to detect wear in machine tools. PwC’s report points towards the Industrial Internet of Things (IIoT) as an alternative. An example of this is Sandvik Coromant’s latest CoroPlus Machining Insights platform, an expansion of the company’s CoroPlus suite of connectivity software.

Using Machining Insights, CNC machines can connect through Ethernet and transmit information at higher volume than they can currently. This includes manufacturing data to improve workshop efficiency and overall equipment effectiveness (OEE). And this isn’t limited to new machinery.

Most machines are connectible to the network, and there are adapters for older machines to make them compatible. In other words, Industry 4.0 can be integrated easily, even with legacy hardware.

Predictable Wear

Machining Insights is designed to give manufacturers greater visibility of machining processes and provide information to identify and eliminate downtime and inefficiency. This includes during periods of largely or fully-automated processes. 

Let’s face it, one of the biggest threats to production is unpredictable tool life. For a tool to properly support automated production, limiting continuous, controllable wear and eliminating discontinuous, uncontrollable wear are the keys to success. 

Sandvik Coromant’s specialists had this in mind when developing the CoroDrill 860 with enhanced -GM geometry, a new design solid carbide drill that’s optimised for a wide range of materials and applications, across all industry sectors. 

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Industrial And Manufacturing 2021: The Year For Additive, Digital Threads, And Industry 4.0

Industrial And Manufacturing 2021: The Year For Additive, Digital Threads, And Industry 4.0

In its new whitepaper, 68 Technology Trends That Will Shape 2021, ABI Research identify 37 trends that will shape the technology market and 31 others that, although attracting huge amounts of speculation and commentary, are less likely to move the needle over the next twelve months. “For success in 2021, especially after a very challenging 2020, one must understand fundamental trends early, and take a view on those trends that are buoyed by hyperbole and those that are sure to be uncomfortable realities. Now is the time to double down on the right technology investment,” says Stuart Carlaw, Chief Research Officer at ABI Research.

Additive Manufacturing Software Innovation Will Play Catch Up

“Additive Manufacturing (AM) is an ecosystem starting to open to third-party developers, and we will see this in 2021 with broader support for AM systems in IoT platforms, a much greater emphasis on simulation and integration of process parameters, and a market that will start to realise the disparity between hardware and software innovation and react with new solutions, and new programs that improve awareness, education, and integration. The reason these actions are inevitable is that production AM simply cannot happen without them,” says Ryan Martin, Industrial & Manufacturing Research Director at ABI Research.

Simulation Will be the Needle for Digital Threads

Manufacturers and industrial firms have been focusing efforts on creating a digital thread that keeps data flowing in a continuous loop between the engineering, manufacturing, and fulfillment teams. “However, in the face of the COVID-19 pandemic, digital threads failed to anticipate demand surges because machine learning was looking at historical patterns and did not provide firms with the ability to maintain production. In 2021, simulation will provide firms with an overview of their operations and stress test them to build resilience. Projects will look to simulate scenarios and run what-if analysis that covers both downstream events (in end markets or individual customers) and upstream events to simulate how to accommodate supply chain events in engineering and production departments,” explains Michael Larner, Industrial & Manufacturing Principal Analyst at ABI Research.

Smart Manufacturing Builds Momentum

“Smart manufacturing will continue to build on its momentum in 2021, but not until factory owners embrace 5G for their smart factory connectivity layer will they reap the operational benefits. Factory owners have been deploying industry 4.0 tools, such as condition-based monitoring, inventory management, and building automation using ethernet cable, but deploying wireless-enabled Industry 4.0 tools will bring smart manufacturing to its full potential. Applications like wearables (health and location/safety trackers) and AR are only possible with wireless connectivity,” states Jake Saunders, Vice President at ABI Research.

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Remote Technology Enabling New Model Of Smart Manufacturing

Remote Technology Enabling New Model of Smart Manufacturing

Smart manufacturing not only depends on an unmanned environment. Instead, it requires various intelligent tools and equipment, software, and human-machine interfaces, and needs to enhance the integration of personnel and automated devices to meet business requirements. Article by Taiwan Machine Tool and Accessory Builder’s Association (TMBA).

Over the past 10 years, with the joint efforts of the government and the industry, Taiwan-made  machine tools have earned a place in international markets through their outstanding quality and performance. Taiwan’s machine tools serve as a brand and express the spirit of “High-tech, precision, innovation, global service, advancement and flexibility” in international markets. 

The supply-chain evolution and the U.S.–China trade war have caused manufacturing industries to migrate. The previously expected economic recovery was delayed by the coronavirus pandemic, which has forced global manufacturing industries to move towards digitalization.

Taiwan’s machine tool manufacturers, such as YCM, Goodway and Campro, utilize Internet of Things (IoT) technology to transfer real-time information in the workshop, including data such as production progress and machine operation status, while employing advanced applications such as monitoring dashboard and mobile devices to achieve remote control and management (RCM). This enables personnel to solve real-time problems without frequently entering the workshop. Moreover, by browsing split-screen, more machines can be managed with less manpower.

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TAIWAN: Your High-End Partner For Your Smart Manufacturing Journey

TAIWAN: Your High-End Partner For Your Smart Manufacturing Journey

Taiwan companies have long been supplying machineries to manufacturers in the ASEAN region. The government’s thrust toward developing a much deeper cooperation with the industry in Southeast Asia through its digital media campaign for Taiwan machine tools, and a potentially new global supply chain pattern emerging post-pandemic, are expected to open up more opportunities for manufacturing cooperation between the ASEAN region and Taiwan.

In line with this, the Taiwan Association of Machinery Industry (TAMI), in cooperation with Asia Pacific Metalworking Equipment News (APMEN), held a webinar on November 12 that highlighted the latest smart technology solutions from Taiwanese companies aimed at helping manufacturers on their journey towards smarter manufacturing. With the theme Taiwan: Your High-End Partner For Your Smart Manufacturing Journey, the webinar puts into spotlight Taiwan’s reliable, smart solutions for automated production, and why ASEAN manufacturers should consider Taiwan technologies for their manufacturing strategies.

High Precision Smart Manufacturing In SEA

James Kao, Project Manager at HIWIN Technologies Corp. opened the session by sharing their smart manufacturing solutions and successes in Southeast Asia (SEA). Automation and adoption of smart manufacturing is growing in the SEA, and HIWIN covers major industries across the region including Thailand, Vietnam, Indonesia, Malaysia and Singapore.

James highlights HIWIN’s smart manufacturing applications, which includes automotive and auto parts manufacturing where 6-axis robots and hybrid robots are deployed from loading & unloading, to product inspection.

Staying Competitive

Next, we hear from Randi Tsai, International Sales Representative at Yeong Chin Machinery Industries co., ltd. (YCM) about how the company is helping its customers stay competitive ahead of the pandemic against industry challenges such as resource & environmental issues and labour shortage.

Randi showcases the company’s total machine solutions and how it tackles pandemic challenges, as well as the benefit of each solution. To find out about the new 5 axes machines which ensures efficiency, quality and cost competitiveness, watch this clip:

Precision Spring Manufacturing

Eric Cheng, Sales Representative of Ciangshuo Machinery Co. Ltd, presented on reducing cost and increasing efficiency in precision spring manufacturing. He discussed the company’s CNC spring formers, hook stations, servo spinners, and servo cutters, aimed at helping customers achieve automatic production for torsion springs, extension springs, wave springs, wire forming parts, strip forming parts, and air coil parts.

Hydraulic Press Outlook

Established in 1976, DEES Hydraulic Industrial Co. Ltd is one of the leading hydraulic press machine manufacturers in Taiwan for sheet metal forming in automotive and home appliance industries. More than 90 percent of its products, ranging from straight-sided, 4-post, and gap type systems with capacities from 30 tons to 6,000 tons, are exported.

Ale Lee, sales manager of DEES, discussed the outlook for hydraulic presses in Southeast Asia, key demand drivers, and markets where he sees growth.

Enhancing Cooperation in Southeast Asia

Founded in 1945 and with more than 2,900 members, TAMI is one of the most representative association for Taiwan’s machinery industry, and the organizer of international machinery exhibitions such as TIMTOS, TaipeiPLAS, and ShoeTech Taipei.

Jason Liu, product manager at TAMI, talked about key statistics from Taiwan’s machine manufacturing in 2019, key trade partners, and new strategies to further enhance Taiwan manufacturers’ cooperation with the ASEAN metalworking and machine tools industry.

Reducing Labour Costs and Downtime

Olivia Chen, sales representative of Gentiger Machinery Industrial Co. Ltd, gave a presentation on automation strategies to reduce labour cost and production downtime. She also discussed Gentiger’s latest machine, the GT-H2517F, and its applications and target markets; as well as their Smart Machine Industry 4.0, which was presented at TIMTOS 2019 and features status monitoring, production history, and mail notification, among others.

Taking Your Production to the Next Level

Stanley Yeh, Director for ASEAN Markets at TOYO Automation Co. Ltd, talked about how smarter manufacturing solutions can help take your production to the next level. He showcased the company’s solutions integrated in a COVID-19 RT-PCR test machine; in a USB assembly line; and the AGV application in an electric motorcycle production environment.

Forming Technologies for Lightweight Materials and Composites

Michael Wang is the vice president of Lien Chieh Hydraulic Industrial Co. Ltd (LCH). Established in 1947, LCH is said to be the most famous hydraulic press manufacturer with the longest history in Taiwan.

Wang discussed forming technologies to address the unique requirements of lightweight materials and composites. He talked about their tandem, deep drawing, trimming, hemming, die spotting, tryout, forging, and hydroforming presses, for applications in bicycle, automotive, home appliance, motorcycle, and aerospace manufacturing, to name a few.

Wang also highlighted LCH’s focus on reducing energy consumption through its innovative technologies, as well as how they are helping handle composites.

Smarter Bar Feeding

The last presenter was Edward Tsai, Overseas Sales Manager of GIMCO Giuliani Iemca Machinery Co. Ltd (IEMCA). Established in 1961, IEMCA is one of the leading manufacturer of bar feeders. It has four production plants—in Italy, Taiwan, China, and the United States—and has over 100,000 installations in more than 90 countries.

In his presentation, Tsai talked about smarter strategies to bar feeding for next-generation automotive manufacturing, and how bar feeders help manufacturers in their production.

Tsai also presented their first Industry 4.0 Bar Feeder, and its key features, including remote monitoring, control, and assistance; backup and restoration of machine parameters; and telecontrol by OPC-UA clients, among others.

 

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Driving Industry Forward With Intelligent Technologies

Driving Industry Forward With Intelligent Technologies

INTERMACH and MTA Asia 2020—ASEAN’s leading international industrial machinery and subcontracting event—is proud to showcase intelligent industrial machinery and technologies that drive the industry forward with timely manufacturing solutions such as automation, robotics and artificial intelligence (AI). 

The event offers a platform that will provide countless opportunities for entrepreneurs to gain access to advanced technologies and knowledge in a variety of industries. 

This year, more than 50 items will be launched for the first time in Thailand and ASEAN. There will also be a full range of sheet metal fabrication technology from 150 of the world’s leading brands, as well as additive manufacturing technology.

The event to be held from September 23–26 at the Bangkok International Trade & Exhibition Centre (BITEC) in Thailand, will feature cutting-edge manufacturing technologies and intelligent technology showcases from over 1,200 brands and 45 countries, over an exhibition area of 38,000 sqm. It will include major pavilions from South Korea, China, Japan, Taiwan, and Singapore. It will also feature an interesting line-up of conferences and forums, such as the following:

  • INTERMACH Forum: “SMEs, Transformation to Smart Manufacturers”
  • Future Automotive Forum: “Disruption of the Future Automotive in Thailand”
  • System Integrator (SI) Forum
  • Thai Subcon Seminar

In particular, the 4th INTERMACH Forum is designed for entrepreneurs in small and medium enterprises (SMEs). The forum will feature leading speakers and experts from both private and public sectors, who will share overviews and their insights in options and challenges on technology and workforce transformation for smart manufacturing. There will also be over 50 SME Empowerment Seminars and activities for SMEs related to future automotive, medical device, robotics, aerospace, and other ground-breaking industries.

Apart from these, the event will feature the Industrial Automation and Robotic Show 2020 (iAR), ASEAN’s leading exhibition on automation and robotics technology. The show, part of INTERMACH, provides a platform for advance automation and robotic technology and solutions enablers who are looking to upgrade their manufacturing, gain first hand updates on industry trends and developments, and grow their businesses in the market.

Co-located Events

SUBCON Thailand 2020 is the 15th Edition of ASEAN’s leading industrial subcontracting and business matching event. This is the only event jointly organised by the BOI Unit for Industrial Linkage Development (BUILD) – Thailand Board of Investment (BOI), Informa Markets and the Thai Subcontracting Promotion Association.

The show is designed to present business opportunities to more than 4,000 industrial part makers and help exhibitors negotiate business with major industrial part-buyers and manufacturers from Tier 1 and Tier 2. This year’s show is projected to be attended by more than 25,000 buyers from industries such as automotive, electric, electronic, machinery, as well as future industries including aviation, medical equipment, robotics automation and digital are all expected to take part in the event.

SHEET METAL ASIA 2020 is the 20th edition of Thailand’s largest international sheet metal fabrication and machinery event. The show brings together comprehensive technologies such as fibre laser machinery, CO2 lasers, press brakes, punching machines, water jet technology, and more, from over 300 major brands from 25 countries. The advanced technologies in sheet metal fabrication will cover industries such as automotive, electronics, electric equipment, construction, interior and furniture, medical devices, and agriculture.

For more information or immediate pre-registration, visit www.intermachshow.com.

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Smart Manufacturing Market To Reach US$573B By 2027

Smart Manufacturing Market to Reach US$573B By 2027

The global smart manufacturing market is expected to reach $573 billion by 2027, growing at a compound annual growth rate (CAGR) of around 13 percent during the 2020–2027 forecast period, according to Acumen Research and Consulting.

Smart manufacturing is a method to automate manufacture of products and transaction processes. Intelligent manufacturing requires the use of automation devices and the purpose of this phase is to use information technology (IT) to support the global economy. This output reduces the workload and makes the process more efficient.

The smart manufacturing network enables the usage of integrated equipment for automated processing of the manufacturing company. These development markets are growing due to various sectors, like automobile or process manufacturers, such as chemicals and oil and gas. Smart manufacturing reduces depletion and increases manufacturing performance significantly—thus increasing productivity and resulting in long-term cost advantages.

READ: Smart Manufacturing, Digital Continuity To Provide More Visibility In Factories Of The Future

READ: Manufacturing In Asia Post COVID-19

Market dynamics

The key driving factor in the growth of the smart manufacturing market is the advances in technology and the development of more innovative technologies and products, including cloud computing, sensors, robots, 3D printing, and Industrial Internet of Things (IIoT), among others.

Another major factor that is having a significant effect on market growth is the significant developments undertaken by technology suppliers as well as businesses to introduce innovative technologies to maximize productivity minimize manufacturing errors and automate processes.

Some of the most important factors for smart manufacturing development are the positive influence of policy programs and investments in supporting smart manufacturing. It is anticipated it will continue to boost growth in both developed and developing economies. For instance, the China 2025 Made in China Plan will spend more than $3 trillion in advanced manufacturing.

Another significant factor that is projected to fuel the demand growth of smart manufacturing is the increasing emphasis among manufacturers on real-time data analysis. This is to increase visibility in terms of predictive system maintenance, in order to prevent repairs during operations.

 

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